Rizzotti JH Real Estate Blog

I have recently noticed some high end properties go under contract in the Jackson and West Bank areas. Additionally, there are still numerous high end construction projects I notice while driving around the higher price segment communities in Jackson, Wilson and Teton Village. These market segments have not in general displayed any noticeable across the board weekness. This is possibly due to the limited supply of these properties, strong demand, high costs to construct, and long time frame from start to finish. This market segment may be bucking the overall trend in this area due to numerous factors, such as Wyoming's lack of income tax, numerous recreational, social and cultural amenities, and unparalleled scenery in Teton County.

In summary, there are certaintly bright spots in a market which is going through some changes in sales volume, and overall higher inventory levels. But real estate is so location dependent, and Jackson Hole is no exception.

Ken